Listed by Olaie, Bought with RE/MAX Metro Realty, Inc.
NOT LISTED FOR SALE

8409 Lawndale Ave SW Lakewood, WA 98498

Central Lakes Neighborhood

Estimated Value: $528,000 - $789,000

12 Beds
6 Baths
3,120 Sq Ft
$217/Sq Ft Est. Value

Last Sold October 10, 2017

Last sale price $435,000 $139 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $4,230/month

14 Days on Market

Highlights

  • Open Space
  • Wall to Wall Carpet
  • 1-Story Property
  • Property is Fully Fenced

About This Home

As of October 2017

3 Duplexes. All 6 units have two bed/1 bath, same floor plan, double pane vinyl windows, new electric panels and wall heaters. Partial siding update. New coin laundry. 3 units are moderately upgraded and the vacant unit was recently upgraded. Current month-to-month rent 650 is below market. The vacant unit is rented at $750/m. Please visit the vacant unit 8403 only.Do NOT disturb the tenants in the 5 occupied units. Extra $100/m for laundry and $20/m for storage. Buyer verifies all information.

Last Agent to Sell the Property

Yi Liu

Olaie License #25014180 Listed on: 07/27/2017

Last Buyer's Agent

Michael Lindekugel

RE/MAX Metro Realty, Inc. License #73236

RE/MAX Metro Realty, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1169120

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,186

Year Built

  • Built in 1951

Lot Details

  • 0.48 Acre Lot
  • Open Space
  • Property is Fully Fenced
  • Property is in average condition

Home Design

  • Poured Concrete
  • Composition Roof
  • Bitumen Roof
  • Wood Composite

Interior Spaces

  • 3,120 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Outdoor Features

  • Outbuilding

Community Details

  • Lake City Subdivision

Listing and Financial Details

  • Assessor Parcel Number 500500-546-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,186

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1951
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3120
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition, Torch Down
  • Lot Features: Open Space
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 4710

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Lakewood

Lot Info

  • Parcel Number: 500500-546-0
  • Lot Size Acres: 0.4821
  • Lot Size Sq Ft: 21000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Fully,Outbuildings
  • MLSLotSizeSource: County
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 9
  • LeasedItems: None
  • TotalMonthlyIncome: 4120

Multi Family

  • Gross Scheduled Income: 49440
  • Net Operating Income: 36546
  • Number Of Units Total: 6
  • Electric Expense: 428
  • Insurance Expense: 1498
  • Leasable Area: 3120
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2016
  • Tax Annual Amount: 4186

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2017
Closed on
Oct 9, 2017
Sold by
5 Star Homes Llc
Bought by
Li & Lan Llc
Seller's Agent
Yi Liu
Olaie
Buyer's Agent
Michael Lindekugel
RE/MAX Metro Realty, Inc.
List Price
$425,000
Sold Price
$435,000
Premium/Discount to List
$10,000
2.35%
Current Estimated Value
$677,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$242,987
Avg. Annual Appreciation
6.06%
Original Mortgage
$285,000
Interest Rate
3.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 11, 2016
Sold by
Kumar Rajesh
Bought by
5 Star Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 8, 2014
Closed on
Oct 29, 2014
Sold by
Mongia Sapna Kumar and Kumar Rajesh
Bought by
Kumar Rajesh
Seller's Agent
Greg Pubols
Century 21 Blue Chip
Buyer's Agent
Omar Senghore
Coldwell Banker Danforth
List Price
$240,000
Sold Price
$215,000
Premium/Discount to List
-$25,000
-10.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.35%
Original Mortgage
$219,300
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2006
Sold by
Franz Roland L
Bought by
Franz Roland L and Franz Revocable Family Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Li & Lan Llc $434,719 Attorneys Title
5 Star Homes Llc -- Wfg Natl Title
Kumar Rajesh -- Fidelity National Title
Kumar Rajesh $214,719 Fidelity National Title
Franz Roland L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open First Republic $342,500
Closed First Republic $342,500
Closed Li And Lan Llc $342,500
Closed Li & Lan Llc $285,000
Previous Owner 5 Star Homes Llc $213,750
Previous Owner Kumar Rajesh $219,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/10/2017 10/10/17 Sold $435,000 +2.4% $139 / Sq Ft
08/11/2017 08/11/17 Pending -- -- --
07/27/2017 07/27/17 For Sale $425,000 +97.7% $136 / Sq Ft
10/31/2014 10/31/14 Sold $215,000 -10.4% $69 / Sq Ft
10/10/2014 10/10/14 Pending -- -- --
10/08/2014 10/08/14 For Sale $240,000 -- $77 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,801 $687,400 $229,700 $457,700
2024 $7,801 $693,300 $234,900 $458,400
2023 $7,801 $693,700 $244,100 $449,600
2022 $6,718 $667,400 $256,100 $411,300
2021 $6,522 $477,600 $157,100 $320,500
2019 $4,956 $431,500 $136,600 $294,900
2018 $4,750 $389,100 $121,700 $267,400
2017 $4,598 $307,500 $98,300 $209,200
2016 $3,994 $254,300 $62,700 $191,600
2014 $3,516 $238,200 $59,000 $179,200
2013 $3,516 $204,800 $48,700 $156,100
Source: Public Records

Agents Affiliated with this Home

  • Y

    Seller's Agent in 2017

    Yi Liu

    Olaie

    (206) 395-4368

    129 Total Sales

    Yi Liu
    Section Image
  • Greg Pubols

    Seller's Agent in 2014

    Greg Pubols

    Century 21 Blue Chip

    (253) 227-1100

    4 in this area

    121 Total Sales

    Greg Pubols
    Section Image

  • O

    Buyer's Agent in 2014

    Omar Senghore

    Coldwell Banker Danforth

    (206) 683-5030

    41 Total Sales

    Omar Senghore
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1169120

Northwest Multiple Listing Service (NWMLS)

APN: 500500-5460

Washington Pierce County Lakewood 98498 Central Lakes

8409 Lawndale Ave SW, Lakewood, WA

This home is located at 8409 Lawndale Ave SW, Lakewood, WA 98498 since 27 July 2017 and is currently estimated at $677,987, approximately $217 per square foot. This property was built in 1951. 8409 Lawndale Ave SW is a home located in Pierce County with nearby schools including Lake Louise Elementary School, Thomas Middle School, and Lakes High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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